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as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring financial reliability. the european union has also require banks to increase capital in line with risk exposure. that risk is measured by the ratings agencies. >> the influence of ratings agencies lies on the one hand in the way their evaluation system has been incorporated into legislation. on the other hand, many business contracts are tied to the marks of the ratings agencies. that means certain private investors will only invest if there is a certain rating. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agenc
with into the next 24 to 48 hours. all right. as we head now up to the big picture, severe storms are going to be pushing along the northern tier of the u.s. around i think the heaviest rain is going to be in north dakota, maybe south dakota getting some of that as well as montana. as for up toward canada, alberta and saskatchewan, maybe moderate showers out here. they won't be as intense. showers will be pushing into the northeast. that's nottet a bad thing. it will be helping to push the temperatures down into the weekend. take a look at the highs forecast for friday. 37, new york city, 39 in d.c. and to give you an idea of the departure from average, we're talking about, philadelphia, nine above average, boston, nine above average. so this unrelenting heat is going to be with most of you for the next few days. do take care if that is you. all right. into europe, to the west, showers, nothing too substantial. but the heavy rain is going to be continuing across scandinavia, down through northern germany, and pulling into the baltic states as well. along the front the storms moving down int
Search Results 0 to 1 of about 2